Mendel to sell its plant science subsidiary

8:14 AM MDT | September 4, 2013 | Rebecca Coons

Mendel Biotechnology (Haywood, CA), a leading agricultural discovery company, says it intends to sell its Mendel Plant Sciences but retain the royalty-based biotech trait business it developed largely in collaboration with Monsanto. Separating the two distinct businesses will enable each to maximize their respective value, Mendel says. The company says its knowledge of the plant gene regulatory networks that control crop productivity processes is a direct result of more than $100 million invested in research and development. This investment has...